The World Is Running Out of Good Scotch

By
Absolutely no quaffing.
Absolutely no quaffing.

The reason of course is it takes that long to make good Scotch, and also if you go back that many years, no distillery was adequately preparing for business to get so out of hand. A Macallan rep says they now make Scotch "at full capacity" around the clock and plan to open an entirely new distillery in 2018. Still, even the bottom-shelf single malt requires three years of aging by law, so even the best-case scenario is it’s 2021 before anybody is pouring drams of that. The only short-term quasi-solution is to sell younger Scotch, so distilleries have begun rolling out more bottles with no age because they’re essentially too embarrassed to advertise it on the label.

Nobody needs to pour one out for them, though. Last year, auction prices for whiskey climbed 14 percent even while while gold tumbled by 10 percent and the rest of the market stayed relatively flat.

More capacity is being added now, but the bad news for whisky drinkers is the shortage could last another 10 to 15 years, experts say.

The reason of course is it takes that long to make good Scotch, and also if you go back that many years, no distillery was adequately preparing for business to get so out of hand. A Macallan rep says they now make Scotch "at full capacity" around the clock and plan to open an entirely new distillery in 2018. Still, even the bottom-shelf single malt requires three years of aging by law, so even the best-case scenario is it’s 2021 before anybody is pouring drams of that. The only short-term quasi-solution is to sell younger Scotch, so distilleries have begun rolling out more bottles with no age because they’re essentially too embarrassed to advertise it on the label.

Nobody needs to pour one out for them, though. Last year, auction prices for whiskey climbed 14 percent even while while gold tumbled by 10 percent and the rest of the market stayed relatively flat.

[CNN Money]